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Stop trying to squeeze blood from a stone. A cash rich business concentrates on creating value
Spending too much time and effort shaving valuable layers off your margins to remain competitive is literally death by a thousand cuts for your business. It’s excruciating, time-consuming and unfortunately futile. But as someone wise once said, “if...
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Build a business built to last. Cash Rich Business tip #2 - Get your structure right!
Pick any business structure you like to launch your small business, it makes no difference at all in the very, very short term… and then suddenly… the pain. The type of pain that can really hurt you and your family because it will hurt your business...
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Ah, well there’s your problem – you work too hard. It’s time to take a chainsaw to your workload
The key to success is to work hard, we’re told. But they’re only telling us half the story. The often quoted saying should be amended to “the key to success is to work hard for a while and then enjoy the results.”
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Building a “profit war chest” is just like riding a bike. A crucial step towards becoming a cash rich business
Most business owners agree that cash is the oxygen that keeps the heart of a commercial enterprise pumping. It doesn’t matter if we’re talking about trades, financial services or product sales and distribution, without a healthy cash flow, things...
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The 10 minutes that could save you hundreds every month. Get ready for the Autumn “spring clean”
It’s the invisible expenses that hurt your business the most - he amounts that sneak under the wire of your business accounts every month or quarter. And even if you were asked point blank to name them all, you just couldn’t. But who cares, right?...
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3 reasons your original purpose can determine your future
If you can’t tell someone in two sentences what you do and why, your business is in trouble or heading that way. Sure you may have a solid business structure, you’ve minimised your tax and things might be going well but your sales and/or service...
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Tax: are you paying too much, too little or about the right amount? 3 tax lies that ensure you get this wrong
First of all, know your numbers inside and out. Those of you who are familiar with Inspire remember that “knowing your numbers” is part of our mantra. It’s the foundation upon which we help build significant tax savings, robust cash flow and better...
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Leading the way to more time with family. You can’t be all things to all people – so why try?
“I can’t give you the secret to success but I can give you the secret to failure – try to please everyone”. Someone famous said that a very long time ago and it is as true now as it was way back when. But we’re all guilty of it in varying degrees in...
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The accidental tax (over)payer. Are you really going to tip the ATO?
Just like any good business or even a studious school kid, our government works to a budget. They look at the income and outgoings of our great land and even come up with a magic number of sorts to plan and allocate spend on roads, schools, health…...
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Ensure your risk pays off… regularly. Funding the founder is only fair
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